Gold and silver finished largely unchanged in a lightly traded session. There were no deliveries worth noting at The Bucket Shop yesterday. Nothing in gold, and a few bars of silver. The gold warehouses were completely quiet, sitting tight with warranted (registered) bullion sitting at decades long lows, and with little historical precedent for their ratio to…
Bulls needed to do more after a decent start petered out by the close of business. While markets did finish higher, they did so only on modest volume. The Nasdaq had its ‘Golden Cross’, but it didn’t see a test of this moving average cross. Given the weak finish, the test could occur tomorrow. The…
One month ago, when the market was getting excited about the imminent Fed rate hike, now due less than one week from today, Jefferies analysts flagged a red flag about the imminent rate liftoff: few, if anyone, know precisely how it will take place in practice. We cited Jefferies economists Ward McCarthy and Thomas Simons who in…
Adobe Systems (ADBE) released its latest earnings report after closing bell tonight, posting adjusted earnings of 62 cents per share –2 cents ahead of consensus – and $1.31 billion in revenue (in line with estimates) for its fourth fiscal quarter. In last year’s fourth fiscal quarter, the firm reported earnings of 36 cents per share…
Note: With today’s release of the Federal Reserve’s Z.1. Financial Accounts of the United States for Q3 2015, we have updated this commentary to incorporate the latest data. Let’s take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net…
We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the Dow Jones Industrials. The companies listed below represent the top buy-rated stocks within the index. They are presented below according to their one-month forecast gain. Traveler’s Insurance is the…
Launched in March of 2010, Pinterest is a website and mobile app that gives its users the tools to discover, share, collect, and store items, pages, websites, etc. on boards they create. And the board possibilities, it seems, are endless. Want to eat and live healthier in the New Year? Make a board filled with…
Japan opened weak following the poor close in the Dow yesterday especially having seen triple digit gains at one stage. Given that Hang Seng and Shanghai were both under pressure all day it was not a surprise all markets closed negative. All European indices opened lower and it was only the DAX (aided by the…
The Fed released its latest Z.1 report today and, though it’s not the timeliest of data, there are a few interesting data points to go over. First, the “Buffett Yardstick,” market cap-to-GDP, shows some erosion from very elevated levels as stock prices fell during Q3. The selloff in stocks also precipitated a fall in the amount…
The graph below belongs in the “what where they thinking category”. After Tuesday’s dividend massacre, it plain as day that Kinder Morgan (KMI) wasn’t the greatest thing since slice bread after all. That is, a “growth” business paying rich dividends out of rock solid profit margins and flourishing cash flow. In fact, it was just a momo stock on a borrowing spree. During the…
